Sound Internal Control Can Be Described as Separating All of the Following

question 52

Multiple Choice

Sound internal control can be described as separating all of the following duties and responsibilities except for:

• A)transaction authorization.
• B)recordkeeping.
• C)custody of, or direct access to, assets.
• D)hiring of employees.

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Definitions:

Price Of Burritos

The cost consumers pay to purchase a burrito, which can vary based on ingredients, location, and restaurant type.

Demand Shifts

Changes in the desire or need for a product or service, influenced by factors such as price, consumer preferences, and income levels.

Excess Supply

A situation where the quantity of a good supplied is greater than the quantity demanded at a given price.

Demand Shifts

Refers to the change in the quantity of a product that consumers are willing and able to buy at different prices, caused by factors other than the price of the product itself.